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Technologies & Sensors

for the Internet of Things


Businesses & Market Trends 2014 - 2024

The Internet of Things (IoT) provides big opportunities


for technologies. The device business will reach $45B
in 2024, contributing to a total IoT market of $400B.

2014

Table of Contents

Executive Summary... 7
Introduction... 29

Seven Generations of IoT Sensors to appear....... 55

Internet of Things Promises


Definition
Report Scope
Sensors for IoT Applications
Structure of IoT
IoT Map Device

Industrial sensors Description & Characteristics


First Generation Description & Characteristics
Advanced Generation Description & Characteristics
Integrated IoT Sensors Description & Characteristics
Polytronics Systems Description & Characteristics
Sensors' Swarm Description & Characteristics
Printed Electronics Description & Characteristics

IoT Generation Roadmap

Market Forecasts 2014 - 2024........ 84

2014

Market Structure Value (in $M)


Market Value by Application Domain (in $M)
Volume Forecasts (Munits)
Cost Breakdown per Module (in $M)
Market Value per Generation (in $M)
Market Volume per Generation (Munits)

IoT Characteristics, Challenges & Roadmap...... 104

IoT Development Examples..... 136

ACOEM Eagle
EnOcean Push Button
NEST Sensor
Ninja Blocks
And more

Focus on Wearable Electronics.. 167


Technological Analysis. 184

Adapted Price Systems


Form Factor
Low Power Consumption
Protocols & Standards
Privacy & Security
Market Traction
Reliability & Lifespan
Data to Process

Wireless Sensor Structure


Energy Storage Module
Power Management Module
RF Module
Sensing Module

Conclusion 273

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Yole Dveloppement Copyrights 2014 MEMS Report

About the Authors


Dr. Guillaume Girardin
Dr. Guillaume Girardin works as a Market & Technology Analyst for MEMS devices and
technologies at Yole Dveloppement.
Guillaume holds a Ph.D. In Physics and Nanotechnology from Claude Bernard
University Lyon I and a M.Sc. in Technology and Innovation Management from EM Lyon
- School of Business.
Contact: girardin@yole.fr

Antoine Bonnabel
Antoine Bonnabel works as a Market & Technology Analyst for MEMS devices and
technologies at Yole Dveloppement.
Antoine holds a M.Sc. In Microelectronics and Microsystems from Grenoble Institute of
Technologies and a M.Sc. In Marketing and Business Management from Grenoble
Graduate School of Business.
Contact: bonnabel@yole.fr

Dr. Eric Mounier


Dr. Eric Mounier co-founded Yole Dveloppement in 1998. He oversees technology
analysis for MEMS-related manufacturing technologies and Optical MEMS (including
micromirrors, micro-displays, autofocus and IR micro-bolometers) applications within
the company. Eric has also developed a unique cost modeling tool, called
MEMSCoSim, which is able to evaluate the cost of MEMS module manufacturing.
Contact: mounier@yole.fr
2014

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Yole Dveloppement Copyrights 2014 MEMS Report

Companies Listed in this Report

ACOEM, AdvanticSys, Amazon, Apple, AT&T, Atmel, Ayla Networks, AVAGO Technologies, Blackberry, BOSCH,
BLUECHIIP, Cambridge CMOS Sensors, CEA Liten, China Mobile, Cisco, DataVeyes, DG Logik, DISCERA, Enfucell,
EnOcean, EPCOS, FitBit, Flutura, Fraunhofer Institute, FREESCALE Semiconductor, GE, Georgia Institute of
Technology, Google, HEWLETT PACKARD, Hillcrest Labs, HITACHI, Honeywell, HTC, IBM, Infomotion Sports
Technologies, ioBridge, INTEL, Intellisense.io, InterSoft, INVENSENSE, Jabra, Jasper Wireless, Jawbone, Kionix,
Kistler, KNOWLES Electronics, Koubachi, KTH, KwikSet, KWJ Engineering, Lenovo, Lightning Switch, Lime
Microsystems, LogBar Inc., LumoBack, M2M Cyber Security, M2Mi, MC10 Inc., Marlow Industries, MEMSIC, Micropelt,
Misfit, MURATA, MYO, Navisens, Nest, Netatmo, Newco, Nike, Nintendo, Nokia, NXP Semiconductors, OnFarm Systems,
Optoi MicroElectronics, Oracle, Pebble, Purdue University, Rosemount, Samsung, SemTech, Sensaris, Sensata,
Sensirion, Sensonor, SensorSuite, Sharp, Si Time, SiLabs, SmartThings, Sony, STMicroelectronics, Synkera
Technologies, TeledyneDALSA, Texas Instruments, ThinFilm Electronics, TriQuint, Tronics MicroSystems, TSMC,
Variable Technologies, UCLA, University of Harvard, VitalConnect, VTT MEMS, WiSpry, Withings, X-Fab MEMS Foundry,
Xymox technologies Inc.

2014

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Yole Dveloppement Copyrights 2014 MEMS Report

Key Features

The objectives of this report is to provide:

Understanding of IoT value chain structure (device, data cloud), application areas and
technologies involved

Technology trends and evolution of IoT device in the coming years

Market forecast for IoT devices in Munits and $M for 2014 2024, with a focus on sensors

IoT applications and examples overview (building automation, transportation, healthcare,


industry, etc.) with a focus on wearable electronics

The technological challenges faced by IoT devices, with a focus on wireless, energy, power,
RF and sensing modules

2014

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Yole Dveloppement Copyrights 2014 MEMS Report

Who Should Be Interested in this Report ?

R&D, Components Manufacturers Companies

OEMs & Integrator Companies

To evaluate benefits of integrating sensors in IoT devices


Get the list of key players and emerging start-ups in this industry

Cloud & Telecommunications Companies

Evaluate market potential of future IoT technologies and products for new applicative markets
Spot new opportunities and define diversification strategies
Position your company in the ever changing IoT market structure

Understand the evolution of IoT devices and the market structure


Understand the differentiated value of products and services in this market
Identify new business opportunities and prospects

Financial & Strategic Investors

2014

Understand the potential of incoming Internet of Things revolution


Get the list of key players and emerging start-ups in this industry

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Yole Dveloppement Copyrights 2014 MEMS Report

Report Scope

Yoles definition of the Internet of Things is as follows:

Internet of Things devices is the aggregation of all the sensing modules that are linked
to the Cloud either directly or through a gateway and which data is processed and
valorized in any manner (through selling to a third party, through monitoring of a piece
of equipment, etc.).

This report looks at the Internet of Things market in general, but with a strong
focus on sensing modules. We do not detail the cloud computing industry nor
the data processing services.

We do not include in our valorizations the benefit brought by IoT solutions


through productivity gains. The values estimated are from hardware, cloud
computing processing services and data processing services charging.

2014

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Yole Dveloppement Copyrights 2014 MEMS Report

IoT Global Market Structure (1/3)


Information Flux
Statistics

Connected
Devices

Targeted Ads

Hardware

Data
Service
Companies

Third
Party

Wireless
Sensor
Module

IoT
Market
structure

Wireless
Sensor
Module

Cloud

HUB / Gateway

2014

Cloud
Companies

Information Flux
Yole Dveloppement Copyrights 2014 MEMS Report

Wireless
Sensor
Module

Area Of Application

Transportation

Building
Automation
Healthcare & Life
Science
Retail& Logistics

Security &
Public Safety

Industrial
Consumer &
Home automation

2014

Environment

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Yole Dveloppement Copyrights 2014 MEMS Report

Summary of Technologies of IoT


Markets and Sensors
Here are the main applications of IoT devices and sensors associated with.

Legend:

Sensor

Level of demand

Building Automation

INTERNET

Healthcare & Life science

OF

OF

THE

SENSORS

THINGS

Transportation

Consumer & Home automation

Pressure

Bio Sensors

Gyroscope

Temperature

Gyroscope

Pressure

Temperature

Temperature

Inertial

Accelero

Chemical

Accelero

Temperature

Chemical (CO2)

Chemical

Magneto

Magneto

Accelero

Light

Pressure

Chemical

Light

(IR, visible)

Contact

(IR, X-Ray)

Industrial

Environment

Pressure

Hall Effect

Chemical

Light

Accelero

Temperature

Accelero

Pressure

Chemical

Light

Magneto

Temperature

Temperature

Pressure

Chemical

Chemical

(IR,Optical)

2014

Humidity

Retail & Logistics

Security & Public Safety

(IR, visible)

Gyro

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Yole Dveloppement Copyrights 2014 MEMS Report

Light (IR,XRay,THz)

Light

(IR/Optical)

Magneto

IoT Wireless Sensors Map


POWER MANAGEMENT MODULE

Ultra-capacitors
Microbatteries

PMU

ENERGY STORAGE MODULE

Li-Ion battery
AAA/AA Batteries

Energy Harvesting

SENSING MODULE

RF MODULE

Signal Processing
Unit

Wifi

ZigBee
Bluetooth LE

2014

Radio Transceiver
Duplexer
BAW

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Yole Dveloppement Copyrights 2014 MEMS Report

Accelerometers
Magnetometers
Gyroscopes
Acoustic Sensors
Pressure Sensors
Humidity Sensors
Temperature
Sensors

Proximity Sensors
Image Sensors
Light Sensors
Gas RFID Sensors
Micro Flow
Sensors

Solution Price IoT Roadmap


Solution Price
per sensor
module
Rosemount 3051C Smart Pressure Transmitter
Source: Rosemount

$2000

NEST Smart Thermostat


(current price: $250)
Source: NEST

$250
Fitness Activity Tracker
(current price: $130)
Source: Jawbone

$50

Multiple temperature sensors for home automation


(current price: $75)
Source: EnOcean

MEMS-based chemical sensing


Source: Optoi Microelectronics

$5

Sensors' swarm - Michigan Micro-Mote


Source: University of Michigan

$1

Batch-level RFID Temperature


Sensor Tags
(current price: $ range)
Source: ThinFilm Electronics

$0.5
$0.05

Item-level RFID sensor tags

Today
2014

2016

2018

2020

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Yole Dveloppement Copyrights 2014 MEMS Report

2024

2024+

Summary of Technologies of IoT


Forecast : Hardware Market Value by Application Domain
Market Value by Domains of Applications ($M)
70,000

2018

$70B
60,000

Cloud

Market Value ($M)

50,000

40,000

30,000

20,000

10,000

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

CAGR

9,458

17,895

34,426

58,295

69,995

67,200

54,555

54,785

47,005

43,172

46,338

42%

Environment

15

50

80

175

280

300

400

700

1,290

124%

Security & Public Safety

60

100

45

225

525

1,050

1,785

113%

Total Value Market ($M)

Retail & Logistics


Industrial
Healthcare & Life Science
Consumer & Home
Automation
Building Automation
Automotive

2014

38

188

368

1,025

1,203

3,100

3,000

5,400

6,210

139%

3,420

4,320

5,580

6,885

11,226

10,725

9,150

9,135

8,290

7,632

7,983

32%

19

113

346

773

1,338

2,455

3,420

4,620

6,330

165%

5,938

13,125

27,575

48,075

52,975

45,045

31,390

26,870

20,720

13,920

12,560

29%

100

450

1,200

2,985

4,940

9,335

11,060

12,250

9,300

7,600

7,270

80%

23

90

450

1,350

2,250

2,910

140%

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Yole Dveloppement Copyrights 2014 MEMS Report

Wearable Electronic Market

The global wearable electronics market can be segmented in 5 categories. Head-Wear category includes helmet
product and vision aid. Theres also a category of products for neck-wear, with collars and necklace products
that cover up electronics with jewels. Arm-Wear category is the most burgeoning category with multiples
devices expected wristband, smart watches, ring, armband, etc. Body-Wear products include smart clothing,
and devices monitoring back/spine position. And the last category concerns foot-wear.

Wearable Electronic
Market Segmentation:

Head-Wear

Neck-Wear

Arm-Wear

Body-Wear

Foot-Wear

Helmet

Jewelry

Smart
watches

Clothing

Shoes

Smart
Glasses

Collars

Wristband

Back/Spine

Socks

Ring

Google Glass

Shine

Myo
Ring

LumoBack
Smart Watch
2014

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Yole Dveloppement Copyrights 2014 MEMS Report

Arm-Wear market is one of the most


promising market and many actors
are targeting it.

Wearable Electronic
A new opportunity for sensor fusion / processing

Wearable electronics is a new big opportunity for sensors

Fitness / activity monitoring, healthcare, sports applications


In many cases the sensor acts as a hub

Basic calculations can be done at the device level


After transmission (enabled by low energy Bluetooth) : advanced software / fusion can be done by the smartphone

Bellow are many examples of such developments:

Im watch (2012)

Integrates accelerometer +
magnetometer

Moto 360 by Motorola (End 2014)

Other connected watches are currently in


development by major OEMs
(LG G Watch, rumors about Apple
iWatch)

2014

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Yole Dveloppement Copyrights 2014 MEMS Report

Pebble Watch (0,4 MUnits sold in 2013)


Features STMicroelectronics accelerometer

Wearable Electronic / Connected Devices


Examples of new devices (2/4)

MYO by ThalmicLabs

Proprietary EMG muscle activity sensors


Nine-axis IMU containing:
three-axis gyroscope
three-axis accelerometer
three-axis magnetometer

BodyMedia
(Acquired by Jawbone in 2013)

Integrates MEMS accelerometer (from Kionix and


STMicroelectronics) in its systems for fitness
application

We note that no gyroscopes are used presently.


This would enable more precise monitoring and

Cell Phone as a Hub

new sport applications, however power


consumption would be too high. It could be part
of larger systems in the future.

NodeKore from Variable


Technologies
Jawbone Up24
2014

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Yole Dveloppement Copyrights 2014 MEMS Report

Available MEMS Reports


Uncooled Infrared
Imaging Techology &
Market Trends

New!
MEMS Pressure
Sensor

New!
Status of the
CMOS Image
Sensors

Emerging MEMS

Status of the
MEMS Industry

New!

New!

MEMS Front-End
Manufacturing
Trends

New!
Technology Trends
for Inertials MEMS

Sensor fusion of
acceleros, gyros &
magnetometers

2014

MEMS for Cell


Phones and Tablets

Inertial MEMS
Manufacturing
Trends 2014

New!
RF Filters, PAs,
Antenna Switches &
Tunability for Cellular
Handsets

Infrared Detectors
Technology &
Market Trends

New!
IMU & Gyro for
Defense, Aerospace
& Industrial

New!
Ferro-Electric
Ferro-Electric
Thin
Thin Films
Films

Thin Wafer
Handling

17
Yole Dveloppement Copyrights 2014 MEMS Report

Trends in MEMS
Manufacturing &
Packaging

MEMS Cosim+
MEMS Manufacturing
Cost Simulation Tool

Motion Sensors for


Consumer & Mobile
applications

Yole activities in MEMS


MEDIA

REPORTS

CONSULTING

News portal/Technology magazines/


Webcasts/Communication services

Market & technology/Patent


Investigation/Reverse costing

Market research/Technology
& Strategy/Patent Investigation/
Reverse costing

www.yole.fr

Status of the
MEMS Industry

YOLE FINANCE
M&A/ Due Diligence/ Fundraising/
Technology brokerage

www.yolefinance.com

PARTNERS

2014

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Yole Dveloppement Copyrights 2014 MEMS Report

Our Offices & Contact Information


Japan Office
For custom research: Yutaka Katano, General Manager, Yole Japan & President, Yole K.K.
Phone: (81) 362 693 457 - Cell : (81) 80 3440 6466 - Fax: (81) 362 693 448 - Email: katano@yole.fr
For reports business: Takashi Onozawa, Sales Asia & General Manager, Yole K.K.
Email: onozawa@yole,fr
European and North America Office
Jean-Christophe Eloy, Email : eloy@yole.fr

Yole Dveloppement Headquarter, France: David Jourdan, Sales Coordination & Customer
Service, Tel: +33 472 83 01 90, Email: jourdan@yole.fr

Korea Office
Hailey Yang, Business Development Manager, Phone : (82) 2 2010 883 - Cell: (82) 10 4097 5810
- Fax: (82) 2 2010 8899 Email: yang@yole.fr

2014

19
Yole Dveloppement Copyrights 2014 MEMS Report

For More Information


Take a look at our websites

www.yole.fr
Yole Dveloppement corporate website

www.i-micronews.com
News Portal - online free registration to our publications

www.systemplus.fr
Sister company expert in teardown & reverse costing analysis

www.yolefinance.com
Separate business unit of Yole dedicated to financial services

Follow us on

2014

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Yole Dveloppement Copyrights 2014 MEMS Report

Market & Technology Report

Internet of Things

Technologies & Sensors for the Internet of Things:


Businesses & Market Trends 2014-2024
The Internet of Things (IoT) provides big opportunities for
technologies. The device business will reach $46B in 2024,
contributing to a total IoT market of $400B.
REPORT OUTLINE
Title: Technologies & Sensors for
the Internet of Things
June 2014
Market & Technology Report
PDF file
5,990 - Multi user license
(270+ slides)
3,990 - One user license
(270+ slides)
KEY FEATURES OF THE REPORT
Understanding of IoT value chain
structure (device, cloud, data),
application areas and
technologies involved.
Technology trends and evolution
of IoT devices in the coming
years.
Market forecasts for IoT devices
in Munits and $M for 2014-2024,
with a focus on sensors.
IoT applications and examples
overview (building automation,
transportation, healthcare,
industry, etc.) with a focus on
wearable electronics.
The technological challenges
faced by IoT devices, with a
focus on wireless, energy,
power, RF and sensing modules.
RELATED REPORTS
Silicon Photonics Market &
Technologies
Emerging MEMS
MEMS & Sensors for Mobile
Phones and Tablets
EnOcean PTM210 Self-Powered
Push Button Transmitter Module

FROM $9.5B IN 2014 TO $46B IN 2024, THE IOT DEVICE MARKET


WILL REPRESENT CLOSE TO 15% OF ALL DATA PROCESSING
IoT devices offer huge potential for electronic

Some companies have already started positioning

component manufacturers, but this is clearly not

themselves in these fields: for example, Oracle

where the value will stop. Most of the added value

and Amazon are developing their cloud computing

in IoT solutions will come from the processing of

capabilities;

the generated data. In fact, the ratio between


electronic components and data processing can
reach 1:50 in certain long-term cases! This is
easily understandable, since the main purpose of
the IoT is to make sensing ubiquitous at a very

and

teams dedicated to the IoT; and Google and


Facebook

are

continuously

developing

their

data processing models while looking to acquire


companies linked to data gathering. Of course, not

pressure on electronic component manufacturers.

The short-term opportunity lies in the electronics

Nevertheless, the next five years will be extremely

industry. Indeed, very strong price pressure is

fruitful for device makers; the market should reach

expected for IoT devices, and strong volumes

$70B by 2018, before decreasing. This period

are expected but at very low cost. Even though

represents a key window in which manufacturers

the general electronics market will experience

must seize the opportunity to grab a piece of the

strong growth, it will be through decreased costs,

IoT business pie.

increased manufacturing capabilities and reduced

The IoT is a multi-billion dollar market emerging


from several different markets (i.e. industrial
sensors,

wearable

electronics

and

home

automation) which will see strong convergence in


the next five years. Three industrial and service
sectors will be integral to the valorization of this
new market:

The

electronics

industry,

which

will

manufacture the sensing devices


The communication and cloud data storage

industry, which will handle data transmission,


storage and processing

margins. This trend has already been seen in the


MEMS field over the past few years, and will repeat
itself in the future.
The same is to be expected for the cloud computing
industry. Large investments in terms of data
storage will be needed, but strong price pressure is
expected, and an overall low value will be attributed
to the physical data. Actually, the war on price has
already begun between the major cloud computing
companies, which are cutting data storage prices
while growing their capabilities.
Meanwhile, on the data processing side, more and
more information will be available, and at low cost.

Service companies, which will valorize the

The more data, the higher the value, and all of this

data either through processing or by selling

with low overall infrastructural investment. Service

to a third party

companies will be the big winners in this field. In

Repartition of value in market structure


300

200

$400B
$400B
100

Cloud

Cloud

Devices

all of them will be winners.

Market value ($B)

Market value ($B)

100

Connected

low cost, resulting in extremely strong price

300
Find all our reports
on www.i-micronews.com

200

Bosch

Solutions GmbH and STMicroelectronics have

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 CAGR

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 CAGR

(Yole Dveloppement, June 2014)

Technologies & Sensors for the Internet of Things


2024, with $46B coming from hardware, $59B from

companies will have no choice but to try and integrate

the cloud and $296B from data processing.

themselves vertically in order to valorize themselves

This report provides a detailed analysis of applications,

and the data theyll be responsible for! As an example,

business models and technical challenges in order to

we expect the overall IoT market to reach $400B in

understand the IoT markets potential.

THE INTERNET OF THINGS TECHNOLOGICAL EVOLUTION: ITS ALL


ABOUT HETEROGENEOUS INTEGRATION AT DEVICE AND MODULE LEVELS
The array of technologies available and soon to be

The Internet of Things roadmap

available is immense. Nevertheless, the evolution of


sensing modules for the IoT will follow a predefined

IoT sensing modules mandatory characteristics


RF
transmission
protocol

Other
main
challenges

trend that can be summarized in a series of seven

Other
main
challenges

product generations, including large industrial smart

Annual Market Volumes


per Specific Application

$0.05

sensors, an advanced generation of sensors, and

1 000 000 000


Printed
Electronics

IEEE 802.15.4
based IPv6 protocols
(6LoWPAN)
Standardized low
power protocols

(ZigBee,WirelessHART,
Bluetooth LE)

Standardized
common protocol
(Bluetooth, Wi-Fi)

$5

Security and
privacy of data

$50

Clear definition
of the market
tractions

Integrated
IoT sensors

10 000 000

Advanced Generation
of IoT Sensors

modules dedicated to IoT application. These devices


represent the integration of off-the-shelf electronic

100 000

Large Industrial
Smart Sensors

components in a single package in order to offer new


functionality. Not much effort has yet been given to

10 000

Today

2016

2018

2020

2022

One of these generations, already being seen

today, is actually the first generation of sensing

1 000 000

First generation
of IoT sensors

$2000

described below:

50 000 000

Sensors
swarm

$250

Proprietary
industrial protocols

Dveloppements report, but a few examples are

Polytronics
Systems

$0.5

Very low power


electronics and
sensors
multiplicity

polytronics. These generations are detailed in Yole


100 000 000

$0.25

Polytronics &
Printed
electronics
maturation

integration, as the main focus has been on bringing

2024

a new function to market. Today, examples of such

(Yole Dveloppement, June 2014)

devices are numerous; some, such as the Nest (now Google) smart thermostat, find market interest and
success - while others, i.e. smart forks, smart sprinklers and other smart devices, dont. Other devices
are addressing domains such as wearable electronics and home & building automation. For these devices, we
expect a market volume of 200M units by 2017, representing a market potential of $83B.

One example of a future sensing generation is integrated sensors, which are expected for 2020 and

which will be the one to democratize IoT. Its general description is the integration of IoT-dedicated electronic
components meaning very small, very low-cost, very low-power consumption components like MEMS-based
sensors. The essence of such devices is to be low cost and thus ideal for high-volume applications, with lowpower wireless protocols, ultra-low power electronics. One example of such a device is the integration of a
hazardous chemicals sensor in an industrial workers gear. Another example is the integration of connected
condition-monitoring sensors in a car engine. We expect a market volume of 2B units for these devices by
2021, representing a market potential of $107B.
This report provides a detailed analysis of these generations and the technical and market challenges they
must overcome before reaching the market. Yole Dveloppements analysis shows how these challenges can
be defeated in order to strengthen market growth.

FROM HARDWARE TO CLOUD TO DATA PROCESSING: WHERE WILL


THE IOTS VALUE FLOW?
Hardware Market Value in IoT Structure ($M)

Data Market Value in IoT Structure ($M)

200 000

2014

150 000

50 000
0

2015

2016

2017

2019

2020

2021

2022

2023

2024

100 000

CAGR

Data Processing

200 000

Data
Valorization

150 000

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

IoT
Market
structure

CAGR

3000000
2014

2015

2016

2017

2018

2019

2020

2021

2022

Cloud
Valorization

70 000
20 000

50 000
40 000
30 000

Integr

ator

2018

2019

2020

2021

2022

2023

2024

Hardware
Hardware

70 000
Hardware Market Value in IoT Structure ($M)
60 000

70 000

60 000 2015
2014

2016

50 000

50 000
40 000

2017

2018

2019

2020

2021

2022

2023

2024

20 000

2014

20 000

2014

2015

2015

2016

2016 2017
10
000

ator

2017

2018

2019

2020

2021

2022

2018

2019

10 000

150 000

2020

2014

2021

2015

2022

2023

2016

2024

2017

CAGR

2018

2019

2020

2023

Data

Valorization
2021
2022 2023

2015

2016

2017

2018

2019

2020

2021

2022

2023

Cloud Market Value in IoT Structure ($M)

2024

Data
Valorization

Integr
50 at
000
or

Data
IoTStructure ($M)
Cloud Market Value in IoT
Market
Valorization
structure

2015

2016

2017

2018

2019

2020

2021

2022

2023

Integ

2024

CAGR

rator

40 000
30 000
20 000

2014

2015

2016

2017

2018

2019

2020

2021

2022

2016

2017

2018

2019

2020

2021

2022

2023

Hardware

2024

CAGR

For Yole Dveloppement, the IoT is defined as the

30 000

50 000
40 000
30 000

aggregation of all the sensing modules which are

IoT
20
000
MarketCAGR
2024
structure

20 000

Integr

10 000

ator

2014

2015

2016

2017

2014

2018

2015

2016

2019

2017

2018

2020

2019

2021

2020

2021

2022

2022

2023

2023

2024

2024

CAGR

CAGR

gateway and with which data is processed and

IoT
Market
structure

Integr

ator

monitoring a piece of equipment, etc.).


We

focused

characteristics

10 000
0

Hardware Market Value in IoT Structure ($M)

2015

valorized in any manner (selling to a third party,

40 000

600000
2014
50 000

30 000

linked to the Cloud either directly or through a

60 000

20 000

40 000

CAGR

70 000

30 000

40 000

20 000
80 000
10 000
70 000
0
60 0002014

50 000

10 000

2014

50 000

belong to numerous domains.

60 000
CAGR

2024

60 000

2023

2024

CAGR

on

the

analysis

of

of

IoT

devices

such

technical
as

the

nature of the electronic components to use,


the corresponding RF protocols, device power

30 000

consumption,

10 000

2017

2018

2018

2019

2019

2020

2020

2021

2021

2022

2022

2023

2024

2023

CAGR

2024

2014 2015 2016 June


2017 2014)
2018 2019
(Yole Dveloppement,

Integr

CAGR

40 000

30 000

30 000

70 000
10 000

CAGR

Hardware Market Value in IoT Structure ($M)

10 000
0

2017

80 000

Market value ($M)

60 000

2016

Cloud Market Value in IoT Structure ($M)

30 000
20 000
80 000
10 000
70 000

Market value ($M)

Market value ($M)


Market value ($M)

40 000

20 000

IoT
Market
structure

Market
structure

Cloud

60 000
10 000

ud

CAGR IoT

Cloud Market Value in IoT Structure ($M)

2015

2017

200 000

Market value ($M)

Market value ($M)

Data 2024
2023

Market value ($M)

2014

40 000

2014

2016

20 000

50 000

50 000
0

2016

50 000

60 000

30 000

2015

40 000

250 000

Cloud Market Value in IoT Structure ($M)


0

0
50 000 2014

Integr100 000
ator

50 000

70 000

2015

Hardware
encompassing a wide variety of applications that

70 000

10 000
60 000

Data Market Value in IoT Structure ($M)

50350
000000

250 000

100 000

2014

2018

150 000

Hardware

80 000

20 000
70 000

200 000

Hardware

70 000

Market value ($M)

300 000

Market value ($M)

250 000
0

30 000
80 000

250 000

80 000

in IoT Structure ($M) a generic concept


cloud Hardware
and Market
dataValueprocessing;

Hardware Market Value in IoT Structure ($M)

Market value ($M)

350 000

300
000
50
000

40 000

Market value ($M)

Data Market Value in IoT Structure ($M)

350
000
100
000

300 000
Market value ($M)

Data
Data Market Value in IoT Structure
($M)Processing

150 000

Market value ($M)

Market value ($M)

350 000

100 000

Hardware Market Value in IoT Structure ($M)

50 000

Data Market Value in IoT Structure ($M)

200 000

Market value ($M)

cessing

The Internet of Things is a mix of hardware,

60 000

General IoT market structure & forecast

250 000

Market value ($M)

Market value ($M)

70 000

300 000

ssing

Hardware

80 000

350 000

sing

order to secure some of this value, hardware and cloud

2020

etc.;

as

well

as

economic

characteristics, especially regarding the IoTs

CAGR

2021

2022

2023

2024

CAGR

value, and where market potential lies.

Market & Technology Report


Our roadmap is based on analysis of:

Current state-of-the-art electronics, and the large number of technologies in development.

The current technological evolution of wireless transmission regarding protocols & standards.

The recent discussions and actions pertaining to consumer privacy and data security.

Sensor multiplicity and integrated sensor developments.

Additional topics such as solutions costs, and where market traction comes from.

Also, its still unclear which technological platform will be used, which data transmission protocols
will be chosen, and which business model will be proven. Many applications are striving for the
blue ribbon, but only the proven ones will drive volume.
This report analyzes the strong challenges awaited regarding the identification of those
applications which are expected to provide market volume, and those which are bound to fail.

OBJECTIVES OF THE REPORT


This report aims to provide:
An understanding of the IoT value chain structure (device, cloud, data), application areas and
technologies involved
The future evolutionary trend of IoT device technology
A market forecast for IoT devices in Munits and $M for 2014-2024
IoT applications & examples overview (building automation, transportation, healthcare, industrial...)
The technological challenges facing IoT devices

AUTHORS
Dr. Eric Mounier has a PhD in
microelectronics from the INPg in
grenoble. he previously worked
at CEA LETI R&D lab in grenoble,
France in marketing dept. Since
1998 he is a co-founder of Yole
Developpement, a market research
company based in France. At Yole
Developpement, Dr. Eric Mounier is in
charge of market analysis for MEMS,
equipment & material. he is Chief
Editor of Micronews, and MEMSTrends
magazines (Magazine on MEMS
Technologies & Markets).

COMPANIES CITED IN THE REPORT (non-exhaustive list)


ACOEM, AdvanticSys, Amazon, Apple, AT&T, Atmel, Ayla Networks, AVAGO Technologies,
BOSCH, BLUECHIIP, Cambridge CMOS Sensors, CEA Liten, China Mobile, Cisco, DataVeyes, DG
Logik, DISCERA, Enfucell, EnOcean, EPCOS, FitBit, Flutura, Fraunhofer Institute, FREESCALE
Semiconductor, GE, Georgia Institute of Technology, Google, HEWLETT PACKARD, Hillcrest Labs,
HITACHI, Honeywell, HTC, IBM, Infomotion Sports Technologies, ioBridge, INTEL, Intellisense.io,
InterSoft, INVENSENSE, Jabra, Jasper Wireless, Jawbone, Kionix, Kistler, KNOWLES Electronics,
Koubachi, KTH, KwikSet, KWJ Engineering, Lenovo, Lightning Switch, Lime Microsystems, LogBar
Inc., LumoBack, M2M Cyber Security, M2Mi, MC10 Inc., Marlow Industries, MEMSIC, Micropelt,
Misfit, Motorola, MURATA, MYO, Navisens, Nest, Netatmo, Newco, Nike, Nintendo, Nokia, NXP
Semiconductors, OnFarm Systems, Optoi MicroElectronics, Oracle, Pebble, Purdue University,
Rosemount, Samsung, SemTech, Sensaris, Sensata, Sensirion, Sensonor...

TABLE OF CONTENTS

Executive summary
Introduction




>
>
>
>
>

7
29

Definition
Report scope
Sensors for IoT applications
Structure of IoT
IoT map device

Seven generations of IoT sensors to appear


55
> Description & characteristics of:
Industrial sensors first generation
advanced generation integrated IoT
sensors polytronics systems sensors
swarm printed electronics
> IoT Generation Roadmap
Market forecasts 2014-2024

84

> Market structure value (in $M)


> Market value by application domain
(in $M)
> Volume vorecasts (Munits)
> Cost breakdown per module (in $M)
> Market value per generation (in $M)
> Market volume per generation (Munits)

Antoine Bonnabel, works as market


& Technology analyst for MEMS
devices and technologies at Yole
Dveloppement. He holds a M.Sc. in
microelectronics and microsystems
from Grenoble Institute of
Technologies and a M.Sc in marketing
and business management from
Grenoble Graduate School of Business.

IoT characteristics, challenges & roadmap 104









>
>
>
>
>
>
>
>

Adapted price systems


Form factor
Low power consumption
Protocols & standards
Privacy & security
Market traction
Reliability & lifespan
Data to process

IoT development examples






>
>
>
>
>

136

ACOEM eagle
EnOcean push button
NEST sensor
Ninja blocks
And more

Focus on wearable electronics

167

Technological analysis

184

>
>
>
>
>

Wireless sensor structure


Energy storage module
Power management module
RF module
Sensing module

Conclusion

273

Dr. Guillaume Girardin works as


Market & Technology Analyst for
MEMS devices and technologies at Yole
Dveloppement. Guillaume holds a
Ph.D. in Physics and Nanotechnology
from Claude Bernard University Lyon
I and a M.Sc. in Technology and
Innovation Management from EM Lyon
- School of Business.

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ABOUT YOLE DEVELOPPEMENT


Founded in 1998, Yole Dveloppement has grown to become a group of companies providing marketing, technology and strategy consulting, media
in addition to corporate finance services. With a strong focus on emerging applications using silicon and/or micro manufacturing (technology or
process), Yole Dveloppement group has expanded to include more than 50 associates worldwide covering MEMS, Compound Semiconductors, LED,
Image Sensors, Optoelectronics, Microfluidics & Medical, Photovoltaics, Advanced Packaging, Manufacturing, Nanomaterials and Power Electronics.
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